May 2 (Reuters) – Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins. Ownership of digital currencies in Turkey was the highest in the world at 27.1% followed… Continue reading Untitled
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May 1 (Reuters) – A U.S. judge in California on Monday declared a mistrial in Masimo Corp’s (MASI.O) smartwatch trade secret lawsuit against Apple Inc (AAPL.O) after jurors failed to reach a unanimous verdict in the potential billion-dollar case. A Masimo spokesperson said in a statement that the company was “disappointed that the jury was… Continue reading Untitled
Legalcategory
– Stanford Law School’s new graduates landed the highest number of federal clerkships replacing the University of Chicago Law School in the top spot, according to new data from the ABA. – Florida’s Deputy Solicitor General Evan Ezray rejoined Boies Schiller Flexner as a partner in Fort Lauderdale. – Haynes and Boone added transactions lawyer… Continue reading Legalcategory
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WASHINGTON, May 1 (Reuters) – The Biden administration plans to study companies’ use of technology to monitor and manage workers, which it said on Monday is becoming increasingly common and can cause “serious risks to workers.” The White House Office of Science and Technology Policy, in a blog post, sought comments from employees about their… Continue reading Untitled
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NEW YORK, May 1 (Reuters) – A former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make “free money,” a prosecutor said on Monday as an insider trading trial wound to a close. The charges against Nathaniel Chastain, a… Continue reading Untitled
Legalcategory
– Squire Patton Boggs launched an office in Dublin which will be led by managing partner Dennis Agnew. – New data from the ABA shows Cornell Law School sent a higher percentage of its 2022 graduates into jobs at large law firms than any other U.S. law school. – Winston & Strawn added its second… Continue reading Legalcategory
Technologycategory
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Cyber security firm Check Point keeps 2023 outlook after Q1 beat
JERUSALEM, May 1 (Reuters) – Check Point Software Technologies (CHKP.O) reported on Monday higher than expected first-quarter profit on high demand for its products in the face of increasing cyber attacks, and kept its outlook for the full year. The Israeli-based company cited solid growth over the first three months of the year from its… Continue reading Cyber security firm Check Point keeps 2023 outlook after Q1 beat
Lordstown’s funding in crisis as investor Foxconn alleges agreement breach
May 1 (Reuters) – Major shareholder Foxconn is alleging that Lordstown Motors (RIDE.O) had breached their $170 million investment deal, the EV maker said on Monday, while warning that it might not have enough cash to fund its operations if the agreement falls through. Lordstown, whose shares tumbled 15% in early trading, said Foxconn pointed… Continue reading Lordstown’s funding in crisis as investor Foxconn alleges agreement breach
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TOKYO, May 1 (Reuters) – Sony Group Corp’s (6758.T) shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music… Continue reading Untitled